Total Erickson/Agip suspend Mt. Skukum project
When the Mount Skukum mine officially opened in the summer of 1986, it was hailed with great fanfare as the Yukon’s first significant hard rock gold mine. Two years later, the internationally-backed c…
News
Metal Prices FUTURES PRICES (August 15, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Aug 90.90 90.50 90.75 — 1.15 Sep 91.90 90.15 …
Venturex pulls good hole on El Paraiso bet
Once again some impressive assay results have been reported from a drill program near Vernon, B.C. But this time it’s from the Top claims of Venturex Resources (VSE) and El Paraiso Resources (VSE). Th…
INSIDER TRADES (August 15, 1988)
Augmitto — MVP Capital bought 90,000 to hold 2,825,662. Barron Hunter Hargrave — J. Hargrave sold 68,500 to hold 4,010,200. S. Hargrave sold 42,000 to hold 2,297,200. Beaver — J. Blair sold 51,000 …
Higher gold prices help boost Homestake’s operating profit
Driven by substantially higher income from gold and base metals, Homestake Mining Co. reported a 36% increase in operating earnings during this year’s second quarter. The giant United States mining co…
Letters to the Editor Canmamax’s rebuttal
In reference to a letter to the editor from J. H. J. Morgan (N.M., Aug 8/88), certain statements were made about Canamax’s 100% owned Kremzar project. I would like to point out some inaccuracies in hi…
Sinking resumes at Cigar Lake
Shaft sinking adjacent to the largest high grade uranium deposit in the world at Cigar Lake, Sask., should re-commence this week. Regina-based mining contractors Thysson Mining Construction of Canada …
Minnova Expands Adams Lake Presence
A recent option agreement giving Minnova Inc. (TSE) the right to earn a 70% interest in the Victory property held by Pacific Minesearch (VSE) adds yet another project to Minnova’s already extensive ex…
Montreal Exchange Abitibi volume leader
Blue chip stocks featured prominently in weekly trading on the Montreal Exchange this week as a slumping gold price led the market lower. Most active issue on the exchange was Falconbridge with more t…
Glencairn to mine diamonds from placer bet in Brazil
Toronto-based Glencairn Explorations (ASE) is attempting to bring a Brazilian placer diamond operation into production by the second quarter of 1989. Owned by Mineracao Piracicaba of Rio de Janeiro, …
More good assays released at Noble Peak, Dejour bet
An expanded drill program is about to begin on the remote Turquetil property where partners Dejour Mines (TSE) (50%) and Noble Peak Resources (ASE) (50%) have obtained some good intersections. Located…
Golden Star adds polymetallic project to Bolivian assets
Calgary-based Golden Star Resources (ASE) recently added a Bolivian polymetallic property to its list of South American mineral assets. Located in the Andes mountain range, near the Argentina border, …